Bushfires, climate risk highlight need for long term resilience, insurance adviser AON warns. I speak with Peter Cheesman head of Asia Pacific analytics at AON

Global insurers are continuing to count the cost from the recent bushfires crisis in Australia while calculating the risk of future climate related catastrophes. 

One of the world's biggest insurance consultants AON says the bushfires represent Australia's fifth biggest insurance loss in twenty years. 

Peter Cheesman, AON's head of Asia Pacific analytics tells me the recent Australian economic losses of US$5 billion are enhanced by changing climate conditions that trigger extreme weather events.